Company Awarded Private Equity Deal of the Year and Best Business
OTTAWA, Nov. 19, 2018 /CNW/ - Martello Technologies Group Inc. ("Martello") (TSXV: MTLO), a leading provider of
network performance management solutions for real-time communications, accepted two awards from the 2018 Best Ottawa Business
Awards (BOBs) for "Deals of the Year: Private Equity" and "Best Business". The awards were presented at the BOBs gala on
Friday, November 16th at the Westin Ottawa.
"Martello made history when it debuted on the TSXV in September 2018 as the first Ottawa tech company to go public since 2015," said John Proctor, CEO of
Martello. "Our leadership team's vision to make big moves that will grow the business and help it become Ottawa's next anchor company are clearly being recognized by the industry", said Mr. Proctor.
The BOB awards were given to more than 23 companies in 25 different categories, recognizing a wide range of organizations from
diverse industries at the gala amidst VIPs, celebrities, business and community leaders and more than 700 guests. These
awards are organized by the Ottawa Board of Trade and the Ottawa Business
Journal and supported by dozens of sponsors, including lead sponsor, the University of Ottawa
Telfer, School of Management. They recognize Ottawa's top businesses as well as the people
behind them, and celebrate the history of innovation & entrepreneurship in the National Capital Region.
"We are honoured to recognize Martello as the recipient for 'Deals of the Year: Private Equity' and 'Best Business'," said
Ian Faris, President and CEO, Ottawa Board of Trade. "They
demonstrate visionary leadership, innovative thinking and play a vital role in making Ottawa the
best place to live, work, study, play and invest. We are privileged to have them in Ottawa."
Each year, the BOBs present a unique opportunity to celebrate the incredible successes achieved by local companies. These
awards capture the business achievements realized across sectors from technology to tourism and disciplines from sales to human
resources. Ultimately, the BOBs create a sense of excitement and momentum in Ottawa's
local economy.
Mr. Proctor continued: "We were pleased to celebrate alongside Martello Co-Chair Bruce Linton,
who was recognized with the 'CEO of the Year' award, and congratulate him on this well-deserved honour. We look forward to
continuing to execute on Martello's aggressive 'build and buy' growth strategy, and to future success".
Martello maintains a positive track record in acquisition activity. In November, the company announced the completion of its
acquisition of Savision, after having acquired Elfiq Networks in December 2017 and
Netvitesse in 2014. The Company's listing on the TSX Venture Exchange (TSXV) in September followed the closure of an
oversubscribed $7.5 million private placement in June 2018.
Additionally, the Company's solutions have continued to be recognized by the technology industry. In November, Martello
was awarded the 2018 Outstanding Information and Communications Technology (ICT) Recognition Award from IEEE Ottawa. In
September, Martello received a Frost & Sullivan Leadership Award for NPM (Network Performance Management) and ranked as Ottawa's Fastest Growing Company on the Growth 500 list of Canada's Fastest
Growing Companies, and in June Martello debuted on the Branham300 listing of Canada's top ICT companies.
About Martello
Martello Technologies Group Inc. (TSXV: MTLO) delivers confidence in network
performance. Our solutions manage and optimize the performance of real-time services on cloud and enterprise networks and include
network and IT performance management software as well as SD-WAN technology. Over the top (OTT) service providers and enterprises
around the world rely on Martello's technology to deliver better service quality and a reliable user experience. Designed for
real-time communications such as voice and video, Martello's solutions detect, identify and address network performance problems
BEFORE service quality is impacted. Martello Technologies Group is a public company headquartered in Ottawa, Canada with offices in Montreal, Amsterdam, Paris, Dallas and New York. Learn more at http://www.martellotech.com
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements that address future events and
conditions, which are subject to various risks and uncertainties. Actual results could differ materially from those
anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Corporation's
control. These factors include: general market and industry conditions, risks related to continuous operations and to
commercialization of new technologies and other risks disclosed in the Corporation's filings with Canadian Securities
Regulators.
Forward-looking statements are based on the expectations and opinions of the Corporation's management on the date the
statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time
of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The
Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a
result of new information, future events or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Martello Technologies Group
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